News

Tommy Papasan Appointed to Chambers Bank Board of DirectorsPapasan

posted August 25, 2021

DANVILLE, ARKANSAS – CEO and Chairman of the Board John Ed Chambers, III, has announced the appointment of Tommy Papasan of Danville to the Chambers Bank Board of Directors. 

“We are proud to add Tommy to our Board of Directors,” Chambers said. “Not only does he have a breadth of experience in banking and small business ownership, he is also a leader who understands our mission as a community bank.”

A native of Waldron, Papasan began his career in sales before transitioning into a loan officer role for Farm Credit Services in Danville. He later served as a loan officer for Chambers Bank, deepening his knowledge of community banking and establishing business relationships throughout the Arkansas River Valley.

Papasan’s entrepreneurial spirit led to the establishment of multiple small business ventures, including River Valley Appraisal Services, TPAP Consulting and TPAP Insurance Agency. He currently owns Pappy’s Outdoors in Russellville and is a partner in P&L Homebuilders.

Papasan has been married to his wife Christy (Maughn) Papasan for 40 years. They have three sons and five grandchildren, with the sixth grandchild set to join the family in December.

 

Chambers Bank is a community-focused financial services company headquartered in Danville, Arkansas. Founded in 1930, Chambers Bank currently operates 24 branches throughout Arkansas.

Media Contact:

Lori Walker
479-393-0112 (cell)
lwalker@chambers.bank

 

Promotions at Chambers Bank

posted February 4, 2021

DANVILLE, ARKANSAS – CEO John Ed Chambers, III recently announced the following promotions at Chambers Bank:

  • Debbie Gipson (Van Buren) has been promoted to Senior Vice President. As BSA Officer, Gipson ensures that Chambers Bank meets the legal and regulatory requirements for the Bank Secrecy Act and the USA Patriot Act. She also manages the Bank’s training program and deposit advertising compliance.
  • Kayo Gonzalez (Fayetteville) has been promoted to Senior Vice President. In her role as CRA Officer, Gonzalez monitors the Bank’s participation in the Community Reinvestment Act. Additionally, she serves as an internal specialist in lending compliance.
  • Greg Heller (Johnson) has been promoted to Assistant Vice President and Loan Officer. He has extensive experience in commercial lending, portfolio management and credit analysis and will assist customers in the northwest Arkansas region with commercial loans.
  • Matthew Hodges (Danville) has been promoted to Vice President. As IT Manager, Hodges is responsible for overseeing the daily operations of the Bank’s information technology department, including the management of hardware, software, and online security.

“These individuals have served Chambers Bank with distinction,” President Mike Donnell said. “Their promotions not only recognize their previous good work, but the leadership they will continue to provide to our team well into the future.”

Chambers Bank is a community-focused financial services company headquartered in Danville, Arkansas. Founded in 1930, Chambers Bank currently operates 26 branches throughout Arkansas.


Media Contact:

Lori Walker
479-393-0112 (cell)
lwalker@chambers.bank

 

Leadership Promotions at Chambers Bank

posted December 11, 2020


Promotions WebDANVILLE, ARKANSAS – CEO John Ed Chambers, III recently announced the following promotions at Chambers Bank: 

  • Philip Alexander (Danville) has been promoted to Chief Risk Officer. Alexander has been a member of the Chambers Bank team for more than 30 years, having most recently served as Regional President/Chief Lending Officer for the south region. His banking experience also includes previous roles in retail and lending. As Chief Risk Officer, Alexander will manage the bank’s compliance and risk management team.
  • Ben Tiner (Conway-Oak) has been promoted to Regional Chief Lending Officer for the central region, which includes branches in Atkins, Conway, Danville, Dardanelle, Dover, Havana and Russellville. Tiner joined the Chambers team in April after spending eight years as the North Arkansas Market President at Bank OZK. 
  • Lori Walker (Rogers) has been promoted to Chief Marketing and Communications Officer. Walker has been leading the bank’s marketing and communications efforts for the past three years. Prior to that time, she worked in marketing and enrollment management for more than 20 years at four Arkansas universities. Walker will continue to manage advertising, donations, public relations and product marketing as well as internal and external communications efforts for Chambers Bank.
  • David Wooldridge (Hot Springs) has been promoted to Regional President/Chief Lending Officer for the south region, which includes branches in Amity, Hot Springs and Hot Springs Village. Before joining the Chambers team to lead our revitalized Hot Springs market, Wooldridge served as Market President at Citizens Bank for five years. He also has experience as a stockbroker.

“As Chambers Bank surpasses $1 billion in asset size, it is vital that we have an executive team that will help us meet our strategic goals,” President Mike Donnell said. “These four individuals have the experience and vision to help lead Chambers Bank now and in the future.”

Chambers Bank is a community-focused financial services company headquartered in Danville, Arkansas. Founded in 1930, Chambers Bank currently operates 26 branches throughout Arkansas.

 

Media Contact:
Lori Walker
479-393-0112 (cell)
lwalker@chambers.bank

 

Chambers Bank Hot Springs

Chambers Bank to Open Branch in Hot Springs

posted July 10, 2020

DANVILLE, ARKANSAS – Chambers Bank will open its newest branch at 3505 Central Avenue in Hot Springs on Wednesday, August 12. This will be Chambers’ first location in the Spa City.

The new branch will house traditional banking amenities like an ATM, teller services, lending and drive-through banking, but will also feature updated technology and design to provide a concierge banking experience.

“As an Arkansas bank, expansion into Hot Springs has been in our strategic plan for many years,” Mike Donnell, President of Chambers Bank, said. “We believe Hot Springs is a vibrant community that will continue to grow for many years to come, and we want to be part of that growth.”

In addition to the new Hot Springs branch, Chambers Bank has nearby locations in Hot Springs Village and Amity, with a total network of 28 branches in Arkansas.

“As a lifelong resident of the Hot Springs area, I am excited to be opening the newest branch of Chambers Bank here,” David Wooldridge, Chief Lending Officer for Hot Springs, said. “Chambers is a family-owned community bank, and its values are a great fit for the Hot Springs community.”

A Grand Opening celebration will be scheduled at a later date. Due to the pandemic, access to Chambers Bank lobbies is currently restricted, with customers being routed to drive-thru and online banking options.

Chambers Bank is a family-owned, community-focused financial services company headquartered in Danville, Arkansas. Founded in 1930, Chambers Bank currently operates 28 branches throughout Arkansas.

Media Contact:
Lori Walker
479-393-0112 (cell)
lwalker@chambers.bank

 

Chad StanleyChad Stanley Promoted to Regional Chief Lending Officer, Central Arkansas

posted January 10, 2020

DANVILLE, ARKANSAS – John Ed Chambers III, CEO of Chambers Bank, has announced the promotion of Chad Stanley to Regional Chief Lending Officer for Central Arkansas. Prior to this promotion, Stanley served as Senior Vice President and Loan Officer, a role he’s held since 2001.

Stanley has been at Chambers Bank since May 2000, when he was hired as a Loan Assistant. During his 19-year tenure with Chambers, he has been instrumental in growing the Bank’s loan portfolio in north Texas and south Arkansas.

“We are thrilled to have Chad as our Chief Lending Officer of our Central Region,” Mike Donnell, President of Chambers Bank, said. “Chad brings lending experience in both large and small markets which will benefit our customers in Pope and Faulkner Counties. He has been with our company for almost 20 years and has been a vital part in the growth of the commercial and consumer markets that he has served.”

In his new role, Stanley will oversee the lending team in Chambers Bank’s newest markets–Russellville, Conway, Dover and Atkins. “I am excited for this new role with Chambers,” Stanley said. “I love working for a community bank that focuses on taking care of our customers and communities.”

Stanley also appreciates the opportunity to continue to work closely with the Chambers family. “Chambers is a family-owned bank that values its employees and customers,” Stanley said. “I have appreciated the support that the family has shown me during my time here and look forward to helping them reach even more customers and communities in the coming years.”

Stanley is a graduate of the Graduate School of Banking at Colorado.
 

Chambers Bank is a community-focused financial services company headquartered in Danville, Arkansas. Founded in 1930, Chambers Bank currently operates 28 branches throughout Arkansas. 

Media Contact:
Lori Walker
479-393-0112 (cell)
lwalker@chambers.bank

 

 

Chambers Bancshares Acquires River Town BankCB-RTB Logo

posted July 12, 2019

DANVILLE, ARKANSAS – Chambers Bancshares, Inc. completed its acquisition of Bank of Dardanelle Bankshares, Inc. and its subsidiary River Town Bank, yesterday. The completion of the acquisition follows full regulatory approval and consent of the shareholders of Bank of Dardanelle Bankshares, Inc.

“We are excited to welcome River Town team members and customers to the Chambers family,” John E. Chambers, III, Chairman of Chambers Bancshares, said. “This acquisition merges two strong companies with rich histories and exceptional personnel, and we know that the customers of both banks will benefit.”

River Town Bank will continue to operate as a separate bank until late 2019, when its banking systems will be converted, and its branches rebranded as Chambers Bank.

With an asset size of $134 million as of March 31, River Town Bank operates branches in Atkins, Conway, Danville, Dardanelle, Dover and Russellville. The merger will bring Chambers Bank’s total asset size to more than $975 million and add four Arkansas communities to its branch footprint.

River Town Bank customers will receive notifications this fall from Chambers Bank regarding the acquisition and new opportunities for banking and customer support services. In the meantime, both Chambers Bank and River Town Bank customers should continue to use their respective bank branches and online banking options.

Chambers Bancshares, Inc. is a community-focused financial services company headquartered in Danville, Arkansas and is the parent company of Chambers Bank and River Town Bank.

Media Contact:
Lori Walker
479-393-0112 (cell)
lwalker@chambers.bank 

 

Final Rendering

Groundbreaking Scheduled for Chambers Bank in Fort Smith


posted July 1, 2019

FORT SMITH, ARKANSAS – Chambers Bank will host a groundbreaking ceremony for its new full-service branch in Fort Smith on Tuesday, July 9 at 10:00 a.m.

Located at the corner of Massard Road and Phoenix Avenue, the new branch will house traditional banking amenities like an ATM, teller services, and drive-through banking, but will also feature updated technology and design to provide a concierge banking experience.

“Chambers Bank believes in the future of Fort Smith and the River Valley, and we are committed to expanding our footprint here,” Greg Rotter, president of the western region of Chambers Bank, said. “We have been part of the Fort Smith community since 2001, and we are excited to serve even more customers at our new location.” 

The 5,320 square-foot facility was designed by DBSI of Chandler, AZ. Salter Construction Inc. of Conway will be the general contractor.

When completed, the new location will replace the current branch located at 8400 Rogers Avenue. Chambers Bank has branches throughout Arkansas, including an additional Fort Smith location at 4418 Towson Avenue and a new branch under construction on Highway 59 North in Van Buren.

Chambers Bank is a community-focused financial services company headquartered in Danville, Arkansas. Founded in 1930, Chambers Bank currently operates 18 branches throughout Arkansas.

Media Contact:
Lori Walker
479-393-0112 (cell)
lwalker@chambers.bank 

Chambers Bancshares to Acquire River Town BankCB-RTB Logo

posted April 24, 2019

DANVILLE, ARKANSAS – John E. Chambers III, Chairman of Chambers Bancshares, Inc., and Blake Tarpley, President and CEO of River Town Bank, announced today that their respective Boards of Directors have entered into a definitive agreement for Chambers Bancshares to acquire Bank of Dardanelle Bankshares, Inc., the parent company of River Town Bank, pending standard regulatory approvals. The acquisition will merge the two remaining banks chartered in Yell County.

The transaction is expected to close mid-summer 2019. At that time, River Town Bank will become a subsidiary of Chambers Bancshares, Inc., and will continue to operate as a separate bank until the banking systems are converted and the banks are merged under the Chambers Bank name, which is expected in the fourth quarter of 2019.

“Chambers Bank is a respected and financially-sound community bank,” Tarpley said. “We believe that the commitment the organization has shown to its employees, customers and the communities it serves in Arkansas will be positive for River Town employees and our customers. We look forward to working with the team at Chambers to make this a successful and seamless transition for everyone involved.”

With an asset size of $132 million at the end of 2018, River Town Bank operates branches in Atkins, Conway, Danville, Dardanelle, Dover and Russellville. The purchase will bring Chambers Bank’s total asset size to more than $950 million and add four Arkansas communities to its branch locations.

“Of course we’re excited to expand our footprint in Arkansas through the acquisition of River Town Bank, but this purchase was about much more than that,” Chambers said. “Both banks were founded in the 1930s in Yell County and have shared values of exceptional customer service, community support and–most importantly–trust. River Town Bank customers can be assured that we will continue to offer the hometown service and hometown values to which they’ve grown accustomed, but with even more locations and financial products.”

Customers of both banks should continue to conduct banking as usual at their respective branches until the banking systems are converted and the banks are merged. River Town Bank customers will receive notifications from Chambers Bank in advance regarding the acquisition and new opportunities for banking and customer support services. In the meantime, River Town Bank customers should contact their local RTB branch office with questions. 

Media Contact:
Lori Walker
479-393-0112 (cell)
lwalker@chambers.bank

 

Van Buren RenderingGroundbreaking Scheduled for Chambers Bank in Van Buren

posted January 31, 2019

VAN BUREN, ARKANSAS – Chambers Bank will break ground on a full-service branch in Van Buren on Tuesday, February 5 at 2:00 p.m.

Located at the corner of Highway 59 North and Northridge Drive, the Van Buren branch will house traditional banking amenities like an ATM, teller services, and drive-through banking, but will also feature updated technology and design to provide a concierge banking experience.

“Van Buren is a vibrant, thriving community, and we’re excited to expand our footprint in Crawford County,” Greg Rotter, president of the western division of Chambers Bank, said. In 2017, Chambers Bank opened a Loan Processing Office (LPO) in Van Buren.

The 4,500 square-foot facility was designed by DBSI of Chandler, AZ. Salter Construction Inc. of Conway will be the general contractor.

The new Van Buren location will become Chambers Bank’s 19th branch and the first full-service facility in Crawford County.

Chambers Bank is a community-focused financial services company headquartered in Danville, Arkansas. Founded in 1930, Chambers Bank currently operates 18 branches throughout Arkansas.

 

Matt HicksMatt Hicks Named Chief Credit Officer for Chambers Bank

posted January 2, 2019

FAYETTEVILLE, ARKANSAS – Matt Hicks has joined Chambers Bank as its Chief Credit Officer. Hicks has more than 14 years of experience in the financial services industry, most recently having served as a commercial lender and Fayetteville market leader at First National Bank NWA.

After graduating from Arkansas State University in 2004, Hicks began his banking career at Liberty Bank in retail operations. He later led the loan administration department at Liberty and served as Benton County market president for Centennial Bank. Hicks also served as commercial loan market manager for northwest Arkansas for Great Southern Bank.

“We are thrilled to add Matt to our Chambers Bank executive team,” executive vice president J.R. Meeks said. “Matt’s breadth of experience in banking makes him uniquely qualified to lead our credit administration department.”

A native of Lawrence, Kansas, Hicks has made northwest Arkansas his home since 2006, where he gives of his time to improve the region’s quality of life. He currently serves on board for the Single Parent Scholarship Fund of Northwest Arkansas and was recognized as the Arkansas Single Parent Scholarship Fund Volunteer of the Month in March. He’s a past board member for the Children’s Safety Center, Students in Free Enterprise (now Enactus) at NorthWest Arkansas Community College, and Northwest Arkansas Emerging Leaders.

“Northwest Arkansas continues to be an important part of our growth strategy for Chambers Bank,” president Mike Donnell said. “Not only does Matt possess the knowledge and skills to develop and manage our overall credit strategy to help grow the bank, his passion for helping others will help us to grow our Arkansas communities, as well.”

A graduate of Leadership Fayetteville, Hicks also holds an MBA from Harding University.

“I couldn’t be more excited to join the Chambers Bank team as chief credit officer,” Hicks said. “I have a tremendous amount of respect for the seasoned group of quality bankers leading the company and am thrilled to be a part of what promises to be a bright future.”

Chambers Bank is a community-focused financial services company headquartered in Danville, Arkansas. Founded in 1930, Chambers Bank currently operates 18 branches throughout Arkansas.

 

Loren ShackelfordLoren Shackelford Promoted to Market President in NWA

posted November 1, 2018

FAYETTEVILLE, ARKANSAS – John Ed Chambers III, CEO of Chambers Bank, has announced the promotion of Loren Shackelford to Market President/Chief Lending Officer of the Northern Division. Shackelford joined Chambers Bank in 2014 as its Chief Lending Officer for the Northern Division, a role he will retain.

Shackelford has more than 26 years’ experience in banking–all in northwest Arkansas. After beginning his career with the Bank of Fayetteville in 1992, he held senior leadership roles at Arvest Bank, Signature Bank and First Security Bank.

In this expanded role, Shackelford will work alongside Chambers Bank Executive Vice President J.R. Meeks to oversee the Bank’s growth strategy for the northwest Arkansas region. “We are excited to have Loren leading our Northern Division,” president Mike Donnell said.  “During his tenure as Chief Lending Officer for that division, the Bank’s assets have grown over 20%, and Loren played a key role in that growth.”

Shackelford holds a bachelor’s degree in finance from the University of Arkansas and is a 2003 graduate of the Southern Methodist University Graduate School of Banking. 

Chambers Bank is a community-focused financial services company headquartered in Danville, Arkansas. Founded in 1930, Chambers Bank currently operates 18 branches throughout Arkansas.

 

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